Flag Sweden / Norway Flag

2019
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Exports
: $14.8B, Rnk 2 / 217

2019
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Top Product
: $1.38B, Refined Petroleum

2019
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Exports
: $10.1B, Rnk 4 / 208

2019
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Top Product
: $2.93B, Crude Petroleum

2019
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Economic Complexity (ECI)
: ECI 1.64, Rnk 8 / 146

2019
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Economic Complexity (ECI)
: ECI 0.79, Rnk 38 / 146

2019
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GDP
: $531B, CURRENT US$
Rnk 24 / 187

2009-2019
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GDP GROWTH
: 21.6%, CURRENT US$
Rnk 147 / 187

2019
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 GDP
: $403B, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP GROWTH
: 4.44%, CURRENT US$
Rnk 170 / 187

2019
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GDP PC 
: $51,615, CURRENT US$
Rnk 14 / 187

2009-2019
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GDP PC GROWTH
: 9.94%, CURRENT US$
Rnk 141 / 187

2019
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GDP PC
: $75,420, CURRENT US$
Rnk 6 / 187

2009-2019
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GDP PC GROWTH
: -5.7%, CURRENT US$
Rnk 170 / 187

Sweden-Norway: In 2019, Sweden exported $14.8B to Norway. The main products that Sweden exported to Norway are Refined Petroleum ($1.38B), Cars ($568M), and Broadcasting Equipment ($555M). During the last 24 years the exports of Sweden to Norway have increased at an annualized rate of 4.06%, from $5.69B in 1995 to $14.8B in 2019.

In 2016, Sweden exported services to Norway worth $10.1B, with Travel ($5.25B), Other business services ($1.56B), and Transportation ($1.49B) being the largest in terms of value.

Norway-Sweden: In 2019, Norway exported $10.1B to Sweden . The main products that Norway exported to Sweden were Crude Petroleum ($2.93B), Planes, Helicopters, and/or Spacecraft ($491M), and Refined Petroleum ($457M). During the last 24 years the exports of Norway to Sweden have increased at an annualized rate of 3.54%, from $4.37B in 1995 to $10.1B in 2019.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Comparison: In 2019,  Sweden ranked 8 in the Economic Complexity Index (ECI 1.64), and 32 in total exports ($158B). That same year, Norway ranked 38 in the Economic Complexity Index (ECI 0.79), and 35 in total exports ($109B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2019, Sweden exported $14.8B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($1.38B), Cars ($568M), and Broadcasting Equipment ($555M). During the last 24 years the exports of Sweden to Norway have increased at an annualized rate of 4.06%, from $5.69B in 1995 to $14.8B in 2019.

In 2019, Norway exported $10.1B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($2.93B), Planes, Helicopters, and/or Spacecraft ($491M), and Refined Petroleum ($457M). During the last 24 years the exports of Norway to Sweden have increased at an annualized rate of 3.54%, from $4.37B in 1995 to $10.1B in 2019.

Market Competitiveness

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Measure

Sweden
Top Destination
: Germany, $16.4B

Norway
Top Destination
: United Kingdom, $20B

This map shows whether countries import more from Sweden or Norway. Each country is colored based on the difference in imports they receive from Sweden and Norway or the difference in the growth in imports.

In 2019, countries that imported more from Sweden than Norway were Finland ($10B), United States ($12.5B), and Denmark ($11.1B).

In 2019, countries that imported more from Norway than Sweden were United Kingdom ($20B), Netherlands ($11.1B), and Nigeria ($676M).

Comparative Advantage Sweden - Norway

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Depth

This chart compares trade between Sweden and Norway by product, considering products traded by both, Sweden and Norway.

During 2019, Sweden had a large net trade with Norway in the exports of Machines ($3.66B), Mineral Products ($1.95B), and Transportation ($1.66B).

During 2019, Norway had a large net trade with Sweden in the exports of Mineral Products ($3.96B), Metals ($1.03B), and Animal Products ($893M).

Tariff Section

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This section shows import tariffs for products traded between Sweden and Norway (using the HS6 product classification and the last year reported).

In 2017, the products from Sweden that paid the highest import tariffs to enter Norway were Sugar beet (178%) and Whey (173%).

In 2018, the products from Norway that paid the highest import tariffs to enter Sweden were Poultry: live, turkeys, weighing not more than 185g (555%) and Poultry: live, ducks, weighing not more than 185g (555%).

*The tariffs present between Sweden and Norway are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
281: Preferential tariff for Norway

Bilateral Service Trade

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In 2016, Sweden exported services to Norway worth $10.1B, with Travel ($5.25B), Other business services ($1.56B), and Transportation ($1.49B) being the largest in terms of value.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Sweden has comparative advantage over Norway. Similarly, the more red a dot/product is, the more Norway has comparative advantage over Sweden.